Page 13 - P6 Slide Taxation - Lecture Day 6 - Provisional Tax Companies Only
P. 13

Set-off on assessment










        Provisional tax is set-off against liability for normal


            tax



        Provisional tax > normal tax liability = refund to


            taxpayer



        Normal tax liability > Provisional tax = payable by


            taxpayer to SARS
   8   9   10   11   12   13   14   15   16   17